BurnDoge (BURNDOGE) is a decentralized project and one of the developing cryptocurrencies of its type. According to its whitepaper, the platform is built on the Binance Smart Chain (BSC) technology to operate the cheaper gas fees and quick block speed. BURNDOGE is a hyper-deflationary project which rewards users for holding tokens in their wallets. However, as a deflationary result on the token, a certain amount of total supply of the tokens tends to experience token burning either manually or automatically. It means the more BURNDOGE token is actively traded, the more rewards are gifted.
BurnDoge seeks to impress his meme father Doge by revealing the transaction speeds and fierceness. The new crypto in the community strives to burn would be happy to know that they are hyper-deflationary with a combined staking system built to reward the users. The burning of tokens is concerned with the permanent discarding of existing cryptocurrency coins from circulation.
The platform has a burning wallet where the manual burning events are announced to benefit the users and simultaneously reduce the token supply. In addition, the BurnDoge smart contracts are open-source, secured, permanent and non-modifiable in any way. Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on Blockchain.
Further, BURNDOGE is a simple meme token of the BurnDoge platform. The token is established on the Binance Smart Chain (BSC). It locks liquidity on PancakeSwap to support avoiding excessive gas fees.
The BurnDoge is a fully decentralized and community-led project; it runs primarily on volunteers and donations from the community. Donations done by our community will go towards three things: awareness, exchange listings, and platform and community development.